1254 N Orange Drive, Los Angeles, CA 90038
Local realty services provided by:ERA Excel Realty
1254 N Orange Drive,Los Angeles, CA 90038
$2,300,000
- 11 Beds
- 10 Baths
- 6,533 sq. ft.
- Multi-family
- Pending
Listed by:nicholas hayner
Office:maywood property group
MLS#:25566669
Source:CRMLS
Price summary
- Price:$2,300,000
- Price per sq. ft.:$352.06
About this home
Maywood Property Group is pleased to present a rare opportunity to acquire a well- maintained 8-unit multifamily asset in the heart of Hollywood, one of Los Angeles' most iconic and evolving submarkets.The property features a highly desirable unit mix: (2) 2-bedroom, 2-bath, (1) 2- bedroom, 1-bath, and (5) 1-bedroom, 1-bath apartments - catering to a wide range of renter demand in a dense, amenity-rich location.The building is well maintained, having recently undergone a $90,000+ copper repipe upgrade in 2025, ensuring long-term operational durability for the next investor. With current ownership holding rents below market, there is clear income upside through natural tenant turnover, strategic rent increases, and monetizinglaundry operations.Additionally, the landlord presently leases several on-site parking spaces to off-site users, generating an extra $750/month in ancillary income.Located in a prime, walkable pocket of Hollywood (Walk Score 94), this property offers both strong in-place cash flow and long-term development potential on its 11,517 SF LAR3-zoned lot. Whether as a stable income-producing asset or a land- banked future redevelopment site, this offering presents a compelling investment opportunity in one of LA's most dynamic rental markets.
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Home facts
- Year built:1957
- Listing ID #:25566669
- Added:69 day(s) ago
- Updated:September 21, 2025 at 07:14 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:10
- Living area:6,533 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Year built:1957
- Building area:6,533 sq. ft.
- Lot area:0.26 Acres
Finances and disclosures
- Price:$2,300,000
- Price per sq. ft.:$352.06
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